UNITED MALACCA BHD

KLSE (MYR): UMCCA (2593)

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Last Price

5.20

Today's Change

+0.10 (1.96%)

Day's Change

5.10 - 5.20

Trading Volume

58,900

Overview

Market Cap

1,091 Million

NOSH

210 Million

Avg Volume (4 weeks)

17,866

4 Weeks Range

5.01 - 5.25

4 Weeks Price Volatility (%)

79.17%

52 Weeks Range

4.91 - 5.80

52 Weeks Price Volatility (%)

32.58%

Previous Close

5.10

Open

5.10

Bid

5.05 x 3,000

Ask

5.20 x 9,100

Day's Range

5.10 - 5.20

Trading Volume

58,900

Financial Highlight

Latest Quarter | Ann. Date

31-Jul-2024 [#1] | 19-Sep-2024

Next QR | Est. Ann. Date

31-Oct-2024 | 18-Dec-2024

T4Q P/E | EY

17.80 | 5.62%

T4Q DY | Payout %

2.31% | 41.08%

T4Q NAPS | P/NAPS

6.88 | 0.76

T4Q NP Margin | ROE

9.16% | 4.25%

Company Profile

Sector: PLANTATION

Sector: PLANTATION

Subsector: PLANTATION

Subsector: PLANTATION

Description:

United Malacca Bhd is a Malaysia based oil palm cultivation company. It is involved in the cultivation of oil palm and crude palm oil milling operations. The group owns two palm mills namely, Bukit Senorang palm mill and Meridian palm oil mill. The business segments of the group are Plantation and Investment Holding. It generates its revenue from the Plantation segment. It?s property estates include Bukit Senorang, South East Pahang, Leong Hin San, Masjid Tanah, Pelin, Malaka Pinda, Machap, Tampin, Selandar, and Batu Anam. The company operates in Malaysia and Indonesia of which key revenue is derived from Malaysia.

Discussions
Be the first to like this. Showing 50 of 132 comments

Fabien Extraordinaire

another gruesome results.

2019-03-21 19:46

cefiro22

yet big blocks put up as sellers at 5.40 being gobbled up as soon as keyed in this morning, mine too. Why so eager to buy blocks. Total done at tis time = 693,800 shares...there is an eager buyer to accumulate this stock.

2019-03-22 16:19

James Ng

https://klse.i3investor.com/blogs/general/203918.jsp
[转贴] [UNITED MALACCA BHD:CPO及PK价格偏低,不利潮湿天气导致FFB收益率低以及RM306万净汇兑亏损] - James的股票投资James Share Investing

2019-04-25 13:33

dboulevard

Foreign investors probably being blackmailed to not invest in palm oil companies. Few years ago the west already blackmailed the foreign banks into not lending to palm oil companies. Such as HSBC had to ask existing borrowers to refinance. Many small shareholders went yo local banks instead.

2019-06-18 12:07

Jonathan Keung

China trade war with U.S. is hurting economic growth. plantations hard hit by the slow down. come September inventories will hit 3.5 million tonnes. going to be tough year for pure upstream players

2019-06-20 08:54

Kensington

Its 4th quarter result is just horrendous, aggravated by among others poor palm oil and palm kernel prices. A reduced final dividend of 6 sen is proposed by Co.

2019-06-26 19:27

yfchong

Si liao

2019-06-26 21:35

cefiro22

https://www.theedgemarkets.com/article/united-malaccas-earnings-likely...

No future? ...so, sell to Prosper Palm Oil Mill S/B while the going is good.
https://klse.i3investor.com/servlets/stk/annchsh/2593.jsp
28/06/2019 10:56 AM

2019-06-28 10:58

Plantermen

Numbers not looking good. Qtr to Qtr deteriorating.

2019-07-26 15:50

Jonathan Keung

mundane AGM

2019-08-27 09:41

Diamond7

Good results! Hooray!

2019-09-25 21:04

Plantermen

Book their profit on their 4 estates sale. Once off gain. Operating losses for 6 consecutive qtr ( IF NOT the estates disposal} half of the peninsular land sold. Not a good indicator { stripped of their land disposal gain)

2019-10-02 10:37

cefiro22

Why Prosper Palm Oil Mill S/B keeps buying,.. now has accumulated over 22,000,000 shares>
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6304857

In Year Ended Jun 2018 they held 10.000,000, being 4th largest...Topmost = Great Eastern with
28,105,701.

2019-10-08 21:39

danielleesing

Benjamin, who is the chief executive officer of United Malacca Bhd, said his company had already banned paraquat in all its plantations sprawling 108,000ha in Melaka and Indonesia.

2019-11-19 16:34

Plantermen

Sulaiwesi venture planting cocoa, coconut, sevia, coffee requires very long gestatation period. Land usage allows only cash crop not oil palm planting

2019-11-20 09:33

Fabien "The Efficient Capital Allocater"

excluding the one off gain, still operating losses

2019-12-18 21:52

LouiseS

UNITED MALACCA's earning performance has been overall unstable in last five years, whereby its earning per share overall fluctuated from -18.6 sen to 40.4 sen. In particular, in the current financial year, the group is hit by a -18.6 sen per share losses, due to low crude palm oil prices and new adoption of the Malaysian Financial Reporting Standards.

https://louisesinvesting.blogspot.com/2019/12/comments-on-united-malacca-berhad-2593.html

2019-12-20 11:43

Up_down

Umcca used to be seen as an 'efficient' planter through taking advantage of aggressive accounting policy for plantation (non amortization of planting costs). The real face was revealed after compulsory adoption of new MFRS. Umcca is not an alone case. WTK and Jtiasa were adopting such aggressive accounting policy too.

2019-12-21 20:28

Plantermen

Labour & fertilisers cost make up the bulk of a Plantation estate expenses. If you look at their current accounts both fertilisers costs & operating expenses are higher than other plantations {tier one} companies { TSH, IJM plant,HSplant } dont compared with IOI or Up. Income from Indonesia is equally disappointing incurring losses for the past 4 years

2019-12-23 15:26

Up_down

Depreciation of Property, Plant & Equipment shows RM 54.5 million for FY 30Apr19 whereas amount restated to 56.4 million for FY 30Apr18 for comparison purposes. If you read the AR 2018, the amount was , in fact, RM 28 million which was before adopting new MFRS. The additional charged of RM 28 million for depreciation of planting costs in complying new MFRS.

2019-12-24 15:59

Up_down

TSH used to adopted an aggressive policy of non depreciating planting costs too but INNO adopted deprecated planting costs policy even though under the control of TSH management.

2019-12-24 16:12

LouiseS

Based on comparison of 44 plantation counters listed in Bursa Malaysia, UNITED MALACCA is shown to be one of the TOP 8 plantation counters worthy to pay attention to and potentially invest in. UNITED MALACCA stands out in performance indicators such as having mostly steady earning per share (~ 10 sen per share and above), high market capitalization (RM 1,108 million) and relatively low P/E ratio of ~17.

https://louisesinvesting.blogspot.com/2020/01/comparison-of-major-plantations.html

2020-01-21 11:53

Plantermen

Sold off their peninsular estates to book a one off gain in their last financial year. Paying 2 sen interim dividend. Funds utilised for thier Sulaiwesi joint venture project planting sevia, coconut or rubber. Land usage is restricted for forest land

2020-01-21 20:06

mf

Post removed.Why?

2020-06-23 19:11

EatCoconutCanWin

Nah..this CB stock loss money but still ok. Is nothing to worry eh la. Red then green.

2020-06-23 22:44

Plantermen

Sold off securities held to cover the operating losses. Last year sold off their peninsular estates to cover bottom line. Worrying trend

2020-06-24 14:00

kasim

But now as lockdown policies restrict travel in many parts of the region, and the Malaysian government looks to cut back hiring of migrant workers, palm growers are left with little choice. The industry is also reaching out to drug rehabilitation centers for potential workers

2020-09-09 10:04

Sami_Value

something really went wrong, CPO rising but they are making peanuts

2020-09-25 19:10

Plantermen

Cpo prices spike up from last year $2,100 per tonne to a high of 3,000 per tonne { up 40 - 45 % } even laggards like FGV, RH, TSH recorded much higher profit at the back of higher & better sales {CPO & PK prices} except for this counter. In addition, no segmentation on their Indonesian sales pricing VS their Peninsular and Sabah operations

2020-09-25 22:05

Jonathan Keung

Sulawesi JV project put on hold due to environment issues. At this point unable to determine the time frame when the project can restart

2020-09-29 13:17

Plantermen

US ban on FGV exports bad for Malaysia export. Other producers will be impacted too

2020-10-02 14:58

flyingtomoon2020

Post removed.Why?

2020-11-08 18:00

BeastOfTheEast

United Malacca 3Q profit more than quadruples to RM13.73 million

https://www.theedgemarkets.com/article/united-malacca-3q-profit-more-quadruples-rm1373m

2021-03-17 03:42

Jonathan Keung

Good result

2021-03-17 09:57

Plantermen

Latest qtr result showed net plantation loss of 11+million plus vs previous qtr profit unbelievable.???with record high CPO prices

2021-06-25 08:51

calvintaneng

WELL DONE ANOTHER PALM OIL COMPANY UMALACCA

YOY UP 486%

HOLD TIGHT GUYS

BULL RUN MUST COME FOR ALL OIL PALM STOCKS

2021-09-23 21:49

Fabien _the efficient capital allocator

Very good results indeed

2021-12-17 20:18

calvintaneng

Post removed.Why?

2021-12-18 22:36

calvintaneng

Post removed.Why?

2021-12-19 23:08

calvintaneng

SOP got Rm760 Million in Cash or more than Rm1.00

2021-12-19 23:21

k3nthiew

The most quiet plantation stock

2022-02-25 10:06

k3nthiew

Fantastic result like others plantation stocks but UMCCA is so quiet... peace b4 the storm

2022-02-25 10:09

calvintaneng

Excellent more than 100% increase in profit YoY for Umalacca

2022-03-22 22:23

Max2838

With CPO price at above RM5000, this continues to be a disappointing plantation company, dragged down by its Indonesian operations. Companies that do not have oil refineries in Indonsia will always lose out because CPO price in Indonesia is some RM1000 lower than that in Malaysia. In general, the crop yield of its plantations in Malaysia is so much lower compared to UP, KLK, IOI, HSP, etc. Weakness is in it harvesting operations, not agronomy....

2022-03-23 10:37

Max2838

Managing plantation is about people, not palms.

2022-03-23 12:09

hopetobecorrect

really sleeping for a very long time

2022-04-21 09:36

monorail

UMCCA is the only plantation stock that has not gone up so much. Very good buy at current price.

2022-04-25 11:14

hopetobecorrect

umcca should not be too affected by indonesia ban. indonesia operation contribute around 10% of its profit. i believe the rise in cpo price will exceed the negative consequences . hold for better price and divivdend announcement coming next month which should be better than last year

2022-04-28 11:20

Dehcomic01

According to Professor Novy-Marx, the gross profitability (gross profit/total asset) is a return metric that has the same power as price to book value in prediction cross section returns of a stock. https://i.postimg.cc/6QJy1P2f/United-Malacca.png

When I compared Bursa Malaysia plantation company, United Malacca gross profitability with that of the sector median, you can see that it clearly underperformed. This underperformance is not so clear cut when you look at ROE.

Moral of the story? Return is one key measure of profitability and I normally look at several return metrics – ROE, ROA, Gross Profitability, NOPAT/Capital to get a better picture. https://www.youtube.com/watch?v=9KhboTCMdEg

2024-01-29 09:09

Dehcomic01

According to Professor Novy-Marx, the gross profitability (gross profit/total asset) is a return metric that has the same power as price to book value in prediction cross section returns of a stock. https://i.postimg.cc/6QJy1P2f/United-Malacca.png

When I compared Bursa Malaysia plantation company, United Malacca gross profitability with that of the sector median, you can see that it clearly underperformed. This underperformance is not so clear cut when you look at ROE.

Moral of the story? Return is one key measure of profitability and I normally look at several return metrics – ROE, ROA, Gross Profitability, NOPAT/Capital to get a better picture.

2024-01-29 09:09

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